On February 11, 2026, Microchip Technology completed an offering of $900 million aggregate principal amount of convertible senior notes due 2030 in a private transaction. The offering amount included the exercise in full of the option that Microchip had granted to the initial purchasers to purchase up to an additional $100 million of notes. In connection with the offering, Microchip entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and other financial institutions.
Microchip utilized a portion of the net proceeds of the offering to cover the expenses of capped call transactions with the option counterparties, and the remaining net proceeds will be used to repay outstanding notes under their commercial paper program.
Wilson Sonsini represented Microchip in the transaction. The team included:
Corporate
Rob Suffoletta
Emily Coskey
Tamara Labanowski
Varun Lella
Corporate Finance
Erik Franks
Mike Rosati
Ryan Isola
Jiyoon Song
Mitchell Andersen
Derivatives
Andrew Ralston
Roshanne Arathoon
Grant Rosinko
Tax
Myra Sutanto Shen
Joy Cheng
Rob Sherrill
For more information, please see Microchip’s pricing press release.
